XRP MVRV Ratio Drops Below 200-Day Moving Average

On-chain data indicates a concerning crossover in the XRP Market Value to Realized Value (MVRV) Ratio, which may negatively impact its price.

XRP MVRV Ratio Analysis

The XRP MVRV Ratio has dropped below its 200-day moving average (MA).
This indicator tracks the ratio between an asset's market cap and its realized cap.
The realized cap reflects the total value spent by investors on their holdings.
An MVRV Ratio greater than 1 indicates profitability for investors, while below 1 suggests losses.
Despite recent price declines, the MVRV Ratio remains above 1, indicating most investors are still profitable.
The recent breakdown below the 200-day MA could signal a potential macro trend shift for XRP.

As of now, XRP is priced around 2.23, having increased over 5% in the past week.